CPPIB buys ReNew shares it does not already own
By IAN Editorial Desk
11 August 2026·1 min read
Primary source: freshfields.com
The terms imply an enterprise value of approximately $10.2bn for ReNew.
Canada Pension Plan Investment Board has signed a transaction agreement on 11 August with ReNew and founder Sumant Sinha to acquire every share the consortium does not already hold. CPPIB had reported beneficial ownership of 88,846,844 Class A ordinary shares, representing 34.4% of ReNew's voting rights.
Shareholders will receive cash consideration of $7.02 per share. The terms value ReNew's fully…
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